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Where Sun Meets Water : Floating Solar Market Report - Executive Summary (English)

Floating solar photovoltaic installations open new opportunities for scaling up solar generating capacity, especially in countries with high population density and competing uses for available land. Advantages of floating solar over land-based systems include higher energy yield, reduced evaporation, and improved water quality, among others. Combining floating solar with hydropower plants is of particular interest. Flexible hydropower output can be used to smooth the variability of the solar generation, while making better use of existing transmission assets, particularly beneficial in countries with weak grids. With a global estimated potential of 400 gigawatts, under conservative assumptions, floating solar could double the current global installed capacity of solar PV. Although the market is still nascent and challenges in deployment remain, the floating solar market is set to accelerate as the technologies mature. Floating Solar Market Report presents an overview of floating solar technologies, current deployment market and future opportunities, challenges related to floating solar deployment, policies and regulatory considerations, and current costs and project structuring. Floating Solar Market Report is the second publication of the series Where Sun Meets Water dedicated to floating and hydro-connected solar deployment.

Details

  • Author

    World Bank Group ESMAP SERIS

  • Document Date

    2018/10/01

  • Document Type

    ESMAP Paper

  • Report Number

    131291

  • Volume No

    1

  • Total Volume(s)

    2

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2018/10/29

  • Disclosure Status

    Disclosed

  • Doc Name

    Floating Solar Market Report - Executive Summary

  • Keywords

    operation and maintenance cost; portion of total; hydropower plant; improved water quality; increase in capital; improvements in water; local air pollution; renewable energy target; drinking water reservoirs; technical assistance program; availability of land; local commercial bank; power generation capacity; management of risk; intellectual property policy; economies of scale; energy and water; surface area; water bodies; hybrid system; project finance; installed capacity; solar plant; peak capacity; water surface; coal mine; hydropower capacity; energy generation; pure float; conservative assumption; hydropower reservoirs; solar technology; market opportunity; social impact; water level; large hydropower; Solar Power; grid integration; solar panel; power production; solar market; solar development; Water Management; short distance; floating plants; alternating current; transmission infrastructure; power output; recreational use; site preparation; lung disease; large fish; open sea; coastal area; financial incentive; industry information; media releases; mining region; solar generation; coal miner; compensation rate; governmental policy; inland water; tariff setting; water depth; energy production; global market; downstream flow; cost of energy production; tender process; legal interpretation; weather event; tilt angle; interagency cooperation; global knowledge; aquatic environment; multilateral development; littoral zone; sustainable energy; hybrid hydro; european commission; national institute; finance institution; high power; regional banks; commercially viable; grid operator; public research; financing structure; power mix; benefit costs; research community; transmission asset; water requirement; water resource; downstream reservoirs; market development; subsidiary right; Public Utilities; climate finance; high energy; land acquisition; water balance; water right; hydro plant; written permission; coastal city; regulatory consideration; animal life; empirical research; high-resolution mapping; aquatic life; photovoltaic installation; reservoir area; small island; algae growth; electricity transmission; environmental study; hydropower site; hydro facilities; rooftop solar; student work; solar cell; reservoir size; solar operation; capacity factor; transmission line

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Citation

World Bank Group ESMAP SERIS

Where Sun Meets Water : Floating Solar Market Report - Executive Summary (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/579941540407455831/Floating-Solar-Market-Report-Executive-Summary